MEXAN (00022) issues profit warning, expecting a net loss of approximately HK$2 million to HK$3 million for the current financial year.
Maosheng Holdings (00022) announced that it is expected to incur a loss of approximately 2 to 3 million Hong Kong dollars from its continuing operations for the year ending March 31, 2026, compared to a loss of 38.9 million Hong Kong dollars for the year ending March 31, 2025. The expected decrease in the loss from continuing operations is mainly due to a decrease in impairment losses on investment properties, effective cost control in administration and operations leading to a decrease in administrative expenses, and an increase in gross profit and revenue from the trading of building materials and construction decoration businesses as the renovation and construction services enter the final stage of the project.
MEXAN (00022) announced that the group is expected to incur a net loss of approximately HK $20-30 million in the year ending March 31, 2026 for its continuing operations, while the net loss for the year ending March 31, 2025 was HK $38.9 million for continuing operations. Based on current information, the expected decrease in the net loss for continuing operations is mainly due to the following factors: a decrease in impairment losses on investment properties; effective cost control in administration and operations resulting in reduced administrative expenses; and an increase in gross profit and revenue for building material trading and decoration construction business as the decoration construction services enter the final stage of their projects.
Related Articles
ASIAPAC FIN INV (08193) released its annual performance results, with shareholders' share of profit amounting to 36.609 million Hong Kong dollars, turning a loss into a profit year-on-year.
US Stock Market Move | Kanzhun Ltd. Sponsored ADR (BZ.US) rose more than 4%, with the amount of stock repurchase exceeding 1.99 billion RMB so far this year.
AI computing power demand continues to be hot! Amazon.com, Inc. (AMZN.US) Cloud computing business AWS once again raised GPU capacity reservation service prices.
ASIAPAC FIN INV (08193) released its annual performance results, with shareholders' share of profit amounting to 36.609 million Hong Kong dollars, turning a loss into a profit year-on-year.
US Stock Market Move | Kanzhun Ltd. Sponsored ADR (BZ.US) rose more than 4%, with the amount of stock repurchase exceeding 1.99 billion RMB so far this year.
AI computing power demand continues to be hot! Amazon.com, Inc. (AMZN.US) Cloud computing business AWS once again raised GPU capacity reservation service prices.
RECOMMEND
